After limiting its losses to less than 0.3% at 7247 points on Thursday, the CAC40 could start this final session of the week timidly higher, encouraged by the strength shown by US equity indices (+2.3% on the S&P500) at the close the previous day.

Financial markets have generally wiped out around half of the major movements at the end of last week and the beginning of this one, helped by jobless claims data", points out Capital Economics.

As a reminder, the Labor Department recorded 233,000 new jobless claims last week, a figure down by 17,000 on the previous week, easing fears of an economic recession in the United States.

Fundamentals remain weak, however, with movements insufficient to correct the high valuation of equities and credit', warns SwissLife Asset Managers, which therefore expects continued volatility on financial markets.

In today's statistics, the unemployment rate in France (excluding Mayotte) as defined by the ILO fell by 0.2 points in the second quarter of 2024, to 7.3% of the working population, i.e. the number of unemployed fell by 40,000 to 2.3 million.

Nevertheless, 1.9 million of those not in the labor force as defined by the ILO would like a job, but are not considered unemployed because they are not looking for work, a number up by 39,000 and representing 4.6% of the 15-64 age group (+0.1 points).

In other data released this morning, Destatis confirmed its preliminary estimate for German inflation in July at +2.3% annualized, up 0.1 points on the previous month.

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